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The Basketball Tournament (TBT) is an open-application, single-elimination tournament played each summer in the United States, currently featuring 72 teams. It was founded in 2014 by Jonathan Mugar. In the 2018 tournament, the winner of the championship game will receive $2,000,000 in prize money. The nine teams in each region with the most registered fans according to the tournament's website are entered into the bracket. Four teams in each region are then selected for at-large bids, and the returning semifinalist from each region the previous year gains automatic entry into the field. Four spots per region are also available for purchase on a first come, first serve basis.Ninety percent goes to the team's personnel or to charity and 10% goes to its fans.